People often suggest that a fast growing economy is inflationary.   I would argue that exactly the opposite is true.  Consider this data for Venezuela and Singapore from an old Robert Barro textbook: Venezuela (1950-90):  Average RGDP growth = 4.4%    Average inflation = 8.0% Singapore (1963-89):  Average RGDP growth = 8.1%    Average inflation = 3.6% Singapore grew much faster and had much lower inflation. On the other hand, you might argue that I'm not holding "other things equal".  Actually,...